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for the fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we will be fighting the case and despite the fact that the photograph was taken, we are talking fundamentally of a ge
the markets are really going to be dealing with the political wrangling over the fiscal cliff to begin the week. really no agreements to speak of and i really don't think you're going to see any. it's going to come down to one of these last minute issues because both sides continue to butt heads and we're no closer than we were two weeks ago. from an employment perspective, look for the numbers to come in on average probably around 100 to 125 thousand jobs created. that's where our average really stands. maybe some skewed data from hurricane sandy but you back that out and i think things really stand the same. gold futures and options are very popular right now. what's going on here? i think really one has to think about if this economy would ever get any legs, any momentum. you have to think about the inflation picture. the fed has got so much emphasis on this market. it's an open ended quantitative easing market at this point. any type of momentum, any type of inflation, people are going to be concerned about that and that's why you're seeing this major interest in gold. will warmer
obama said tax rates must rise on the wealthiest americans as part of any deal to avoid the fiscal cliff. this morning r the president met with a bipartisan group of governors at the white house. jerry brown was not among them. the group did not endorse any specific proposal on avoiding the sharp tax and spending cuts that could take effect in january. president obama says it's possible that the tax rates could later be lowered as part of a comprehensive tax overhaul. >>> police responding to an early-morning burglary in san jose are surprised at what they found. we'll have exclusive video of the discovery. >>> rosemary's back in about nine minutes to tell you more about the new storm rolling in and when rain will increase in your neighborhood. >>> it's a first of its kind set up in the bay area. ahead with a new solar facility dedicated an hour ago is getting a lot of attention. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get cha
but none have gone down recently. >>> they are having a republican counteroffer for dealing with the fiscal cliff. we have fewer tax increases than the president wants, allison? >> reporter: pam, house republicans say this is their attempt to counterwhat they call the la la land offer from president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are also proposing 200 billion in savings for changes by potentially lowering the costs in increasing eligibility standards. that could be a major sticking point for congressional democrats but the president needs more details but he does not like what republicans are offering. look at how house democratic national convention democrats may try to force tax rates from wealthier americans, reporting live allison burns, ktvu channel 2 morning news. >>> they are trying to make homes livable, under the program the city of new york will send contract
to rise and fall among the comments on the fiscal cliff. there was optimism that a deal could be reached before christmas. the dow is up 106, the nasdaq up 23. >>> sales of single family homes are dow slightly. a .3% decline was reported today showing a slow recovery for the housing market. economists expect home construction to add to economic growth this year. >>> the megabus service is coming back. the expanded service area includes los angeles, sacramento and reno. and it begins december 12th. fares start as low at $1 for advanced bookings. the price goes up as your travel date gets closer. megabus.com previously served the west coast back in 2007 and 2008. >>> a 15-year-old faces a judge on charges of attempted murder of a police officer. >> our storm watch coverage continues. >> sand bagging in san francisco aims to keep this neighborhood from flooding a second time this year. >>> back now to our storm watch coverage. and you are tracking some significant rainfall. >> it's going to add up and be cumulative through the next few days. take a look at a map of northern california. as w
week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepects of the economy going over the fiscal cliff
to help deal with the so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt take place in january. >>> we want to ask him about a homicide. >>> live storm tracker 2 picking up showers s
to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also have this accident still being cleared here at buchanan street and a stalled truck on 24 near the caldecott tunnel. if we take a live look at the bay bridge toll plaza, we have a lot of rain out there. the metering lights are on. you're looking at an extra 15 minutes to get into san francisco. here's a look at highway 24 live. that stalled truck could be causing big delays. let's check in with steve. >>> tara, thank you. rain steady, moderate, almost approa
of their daughter three months ago. >>> to our continuing coverage of the fiscal cliff. treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> report
is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually costs taxpayers thousands of dollars. >> a modern jazz giant. what we uncovered by dave ruebeck's strong ties to the bay area. >>> a new report shows at least a dozen california law
talking about the chances of president obama and congress reaching a deal and avoiding that fiscal cliff. some girls wish to grow up to be a princess. other girls wish to simply grow up. mae and bailey are friends battling kidney cancer at st. jude children's research hospital. we developed a treatment for their cancer that's helping kids like them across america. you know what i wish for? what's that honey? my hair back. and no more cancer. well, girls, st. jude is working on that. go to st. jude dot org or shop where ever you see the st. jude logo. >>> temperatures very mild. the rain will be letting up but still light to moderate amounts will continue for another couple of hours. >>> 8:14. new this morning, north korea may be closer to launching a missil that can carry a nuclear warhead. they have launched a rocket in the northwestern part of their country. reportedly, they plan to launch it as soon as month. north korea has denied having a nuclear weapons program but claims it will launch a rocket for science and research projects before december 22nd. >>> u.n. secretary-general moon
to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of state hilary clinton said today the unrest shows an urgent need for dialogue on both sides. >>> the u.s. state department confirmed today it is looking into reports that syrian president may be seeking asylum in another country. reportedly president is look to latin america for asylum for his family and members of his inner circle. the priority righ
. >>> and they are looking for billions of dollars in cuts as they prepare to go over that fiscal cliff. hundreds of thousands of the jobs all over california could be affected, allison? >> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they are looking at grant money from the environmental protection agency. each student could be awarded a large sum of money. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists an
their unemployment in four weeks unless congress reached a deal to avoid that fiscal cliff. letters have already gone out to almost 350,000 people in danger of losing their benefits. more than 2 million nationwide could loss also be affected. >>> bay area school lunch menus are changing as part of a push to get people to eat healthier food. they have been redone to meet new nutrition guidelines president the times reports students in many bay area school distributes are getting more fruits, vegetables and whole grains and less salt. >> flu season is off to a strong start. activity went up slightly over the thanksgiving holiday. every state is reporting some type of activity, but for vermont. doctors are recommending you get your shots and a free clinic is being offered tomorrow. >>> apple products are so popular parents are naming their children after them. a new report shows six girls were named apple this year, that's twice as many as last year. twice as many boys were named mac and 17 girls were named siri, that's six more than last year. >> the babies all beautiful no matter what name. we have
8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement on life on mars didn't amount today. project scientists said soil tests performed by the curiosity rover only showed organic compounds. no proof yet that life existed, or could exist on the red planet. the scientists created big expectations by saying it would be one for the history books. today they said they were only referring to the richness of the data coming from the rover. ♪ [ music ] of course. >>> live storm tracker 2 picking up showers north of us. these showers are going to work their way south. the computer model shows sprinkles picking up. i suspect we'll see drizzle perhaps along ocean beach tomorrow morning. for the commute on the golden gate bridge, i think you'll see wet roadway. as question bet into the 9:00, 10:00 hour, you'll see more of the same. i was talking about this on the 5:00 and 6:00 broadcast. this doesn't have a lot of moisture with it. as we get into the noon time hour, the clouds increased. we're
>> chris: i'm chris walls wallace, 30 days and counting, until we go over the fiscal cliff. >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the g.o.p., house speaker john boehner. geithner and boehner, only, on fox news sunday. >>> plus we have seen this movie before. the two parties edging closer and closer to the brink. we'll ask our sunday panel whether we'll get a happy ending for an economic disaster. >>> and our power player of the week, a young beauty queen has to make a tough choice, all, right now on fox news sunday. ♪ >> chris: and, hello again from fox news in washington. well, we had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary
over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resolved. and i'm available any moment to sit down with the president to solve this. >> reporter: and leon panetta will speak to reporters from the pentagon in about an hour ago. alison burns, ktvu channel 2 news. >>> 81-year-old former senator allen simpson wants young people to get involved in reducing the national debt. so he's appearing in a youtube video called "the can kicks back." >> stop instagramming your breakfast and tweeting your problems and getting on youtube toe you -- so you can see gang new hampshire style. ♪ >> yeah, there -- gang nam style. >> yeah, there is he. he says take before or the cold coots will take over before you get there. >>> grady allen died tuesday of cardiac arrest at the able of 66 and before the game, roger goodell will speak at a fan forum in oakland in the oracle arena.
Search Results 0 to 16 of about 17